Biden Nominates Rohit Chopra to Lead CFPB
President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.
MBA Letter Offers Support for Yellen Treasury Nomination
Janet Yellen, President-Elect Joseph Biden Jr.’s nominee for Treasury Secretary, appears this morning for a confirmation hearing before the Senate Finance Committee. Ahead of the hearing, the Mortgage Bankers Association sent a letter in support of her nomination.
FHFA Amends GSE Stock Purchase Agreements; Leaves Decision on Conservatorship to Biden Administration
Fannie Mae and Freddie Mac will not exit federal conservatorship under the Trump Administration; the Federal Housing Finance Agency will leave that decision to the Biden Administration, FHFA said Thursday.
2020 Foreclosure Activity at 16-Year Low
ATTOM Data Solutions, Irvine, Calif., said U.S. foreclosure filings fell to just over 200,000 in 2020, the lowest level since it began tracking such data in 2005.
CoreLogic: Mortgage Delinquencies Rise, But Pace Moderates
CoreLogic, Irvine, Calif., said on a national level, 6.1% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in October, a 2.4-percentage point increase from a year ago, when it was 3.7%.
